Benzinga | Jul 16, 2020 09:33AM EDT

Benzinga's Top Upgrades, Downgrades For July 16, 2020

Upgrades

* For Korn Ferry (NYSE:KFY), Sidoti & Co. upgraded the stock from Neutral to Buy. For the fourth quarter, Korn Ferry had an EPS of $0.60, compared to year-ago quarter EPS of $0.88. The stock has a 52-week-high of $43.99 and a 52-week-low of $21.45. Korn Ferry's stock last closed at $29.64 per share.

* Wedbush changed the rating for Cognizant Technology Solutions Corp (NASDAQ:CTSH) from Neutral to Outperform. In the first quarter, Cognizant Tech Solns showed an EPS of $0.96, compared to $0.91 from the year-ago quarter. The stock has a 52-week-high of $71.48 and a 52-week-low of $40.01. Cognizant Tech Solns's stock last closed at $59.67 per share.

* Morgan Stanley upgraded the stock for Dell Technologies Inc (NYSE:DELL) from Equal-Weight to Overweight. Dell Technologies earned $1.34 in the first quarter, compared to $1.45 in the year-ago quarter. The stock has a 52-week-high of $59.17 and a 52-week-low of $25.51. Dell Technologies's stock last closed at $52.63 per share.

* For Dollar Tree Inc (NASDAQ:DLTR), B of A Securities upgraded the stock from Neutral to Buy. For the first quarter, Dollar Tree had an EPS of $1.04, compared to year-ago quarter EPS of $1.14. The stock has a 52-week-high of $119.71 and a 52-week-low of $60.20. Dollar Tree's stock last closed at $95.71 per share.

* Wedbush upgraded the stock for Infosys Ltd (NYSE:INFY) from Neutral to Outperform. Infosys earned $0.13 in the first quarter, compared to $0.13 in the year-ago quarter. The stock has a 52-week-high of $12.20 and a 52-week-low of $6.76. Infosys's stock last closed at $11.90 per share.

* B of A Securities upgraded the stock for Thor Industries Inc (NYSE:THO) from Underperform to Neutral. In the third quarter, Thor Industries showed an EPS of $0.43, compared to $1.65 from the year-ago quarter. The stock has a 52-week-high of $118.89 and a 52-week-low of $32.30. Thor Industries's stock last closed at $110.94 per share.

* Wedbush changed the rating for Harley-Davidson Inc (NYSE:HOG) from Neutral to Outperform. For the first quarter, Harley-Davidson had an EPS of $0.51, compared to year-ago quarter EPS of $0.98. The stock has a 52-week-high of $40.89 and a 52-week-low of $14.31. Harley-Davidson's stock last closed at $28.86 per share.

* For BP PLC (NYSE:BP), Jefferies upgraded the stock from Hold to Buy. For the first quarter, BP had an EPS of $0.24, compared to year-ago quarter EPS of $0.70. The stock has a 52-week-high of $41.08 and a 52-week-low of $15.51. BP's stock last closed at $23.80 per share.

* BMO Capital upgraded the stock for Cognizant Technology Solutions Corp (NASDAQ:CTSH) from Market Perform to Outperform. For the first quarter, Cognizant Tech Solns had an EPS of $0.96, compared to year-ago quarter EPS of $0.91. The stock has a 52-week-high of $71.48 and a 52-week-low of $40.01. Cognizant Tech Solns's stock last closed at $59.67 per share.

* JP Morgan changed the rating for Corning Inc (NYSE:GLW) from Neutral to Overweight. For the first quarter, Corning had an EPS of $0.20, compared to year-ago quarter EPS of $0.40. The stock has a 52-week-high of $34.25 and a 52-week-low of $17.44. Corning's stock last closed at $28.05 per share.

* Goldman Sachs upgraded the stock for Jabil Inc (NYSE:JBL) from Neutral to Buy. Jabil earned $0.37 in the third quarter, compared to $0.57 in the year-ago quarter. The stock has a 52-week-high of $44.20 and a 52-week-low of $17.63. Jabil's stock last closed at $33.42 per share.

* Deutsche Bank changed the rating for The Kraft Heinz Co (NASDAQ:KHC) from Hold to Buy. Kraft Heinz earned $0.58 in the first quarter, compared to $0.66 in the year-ago quarter. The stock has a 52-week-high of $34.00 and a 52-week-low of $19.99. Kraft Heinz's stock last closed at $33.15 per share.

* Deutsche Bank changed the rating for Mondelez International Inc (NASDAQ:MDLZ) from Hold to Buy. In the first quarter, Mondelez International showed an EPS of $0.69, compared to $0.65 from the year-ago quarter. The stock has a 52-week-high of $59.96 and a 52-week-low of $41.19. Mondelez International's stock last closed at $52.57 per share.

* For PTC Inc (NASDAQ:PTC), Stifel upgraded the stock from Hold to Buy. PTC earned $0.59 in the second quarter, compared to $0.22 in the year-ago quarter. The stock has a 52-week-high of $92.47 and a 52-week-low of $43.90. PTC's stock last closed at $80.28 per share.

* Barclays changed the rating for UGI Corp (NYSE:UGI) from Underweight to Equal-Weight. In the second quarter, UGI showed an EPS of $1.56, compared to $1.43 from the year-ago quarter. The stock has a 52-week-high of $52.98 and a 52-week-low of $21.75. UGI's stock last closed at $32.36 per share.

* Wells Fargo changed the rating for Waters Corp (NYSE:WAT) from Underweight to Equal-Weight. In the first quarter, Waters showed an EPS of $1.15, compared to $1.60 from the year-ago quarter. The stock has a 52-week-high of $245.68 and a 52-week-low of $154.39. Waters's stock last closed at $220.88 per share.

* Evercore ISI Group changed the rating for Reinsurance Group of America Inc (NYSE:RGA) from Underperform to In-Line. For the first quarter, Reinsurance Group had an EPS of $1.41, compared to year-ago quarter EPS of $2.61. The stock has a 52-week-high of $169.26 and a 52-week-low of $55.39. Reinsurance Group's stock last closed at $78.07 per share.

* Evercore ISI Group changed the rating for Chubb Ltd (NYSE:CB) from In-Line to Outperform. Chubb earned $2.68 in the first quarter, compared to $2.54 in the year-ago quarter. The stock has a 52-week-high of $167.74 and a 52-week-low of $87.35. Chubb's stock last closed at $132.87 per share.



Downgrades

* Loop Capital changed the rating for BJ's Restaurants Inc (NASDAQ:BJRI) from Buy to Hold. In the first quarter, BJ's Restaurants showed an EPS of ($0.10), compared to $0.62 from the year-ago quarter. The stock has a 52-week-high of $44.47 and a 52-week-low of $6.01. BJ's Restaurants's stock last closed at $19.37 per share.

* For The Walt Disney Co (NYSE:DIS), Cowen & Co. downgraded the stock from Outperform to Market Perform. For the second quarter, Walt Disney had an EPS of $0.60, compared to year-ago quarter EPS of $1.61. The stock has a 52-week-high of $153.41 and a 52-week-low of $79.07. Walt Disney's stock last closed at $120.88 per share.

* JP Morgan downgraded the stock for Cisco Systems Inc (NASDAQ:CSCO) from Overweight to Neutral. For the third quarter, Cisco Systems had an EPS of $0.79, compared to year-ago quarter EPS of $0.78. The stock has a 52-week-high of $58.26 and a 52-week-low of $32.40. Cisco Systems's stock last closed at $46.40 per share.

* Barclays changed the rating for GSX Techedu Inc (NYSE:GSX) from Overweight to Equal-Weight. In the first quarter, GSX Techedu earned $0.76. The stock has a 52-week-high of $92.00 and a 52-week-low of $9.07. GSX Techedu's stock last closed at $76.63 per share.

* Goldman Sachs downgraded the stock for KB Home (NYSE:KBH) from Neutral to Sell. KB Home earned $0.55 in the second quarter, compared to $0.51 in the year-ago quarter. The stock has a 52-week-high of $40.51 and a 52-week-low of $9.82. KB Home's stock last closed at $31.26 per share.

* Keefe, Bruyette & Woods downgraded the stock for PNC Financial Services Group Inc (NYSE:PNC) from Outperform to Market Perform. PNC Financial Services Gr earned ($1.90) in the second quarter, compared to $2.88 in the year-ago quarter. The stock has a 52-week-high of $161.79 and a 52-week-low of $79.41. PNC Financial Services Gr's stock last closed at $104.09 per share.

* RBC Capital downgraded the stock for Aramark (NYSE:ARMK) from Outperform to Sector Perform. Aramark earned $0.26 in the second quarter, compared to $0.45 in the year-ago quarter. The stock has a 52-week-high of $47.22 and a 52-week-low of $9.65. Aramark's stock last closed at $23.93 per share.



Initiations

* B of A Securities initiated coverage on Coherus BioSciences Inc (NASDAQ:CHRS) with a Neutral rating. The price target for Coherus BioSciences is set at $20.00. For the first quarter, Coherus BioSciences had an EPS of $0.48, compared to year-ago quarter EPS of ($0.29). The stock has a 52-week-high of $23.91 and a 52-week-low of $10.86. Coherus BioSciences's stock last closed at $18.52 per share.

* With a rating of Buy, Berenberg initiated coverage on Darling Ingredients Inc (NYSE:DAR). The price target is set at $33.00 for Darling Ingredients. In the first quarter, Darling Ingredients showed an EPS of $0.51, compared to $0.11 from the year-ago quarter. The stock has a 52-week-high of $29.57 and a 52-week-low of $10.25. Darling Ingredients's stock last closed at $25.95 per share.

* With a rating of Buy, Berenberg initiated coverage on Ingredion Inc (NYSE:INGR). The price target is set at $105.00 for Ingredion. Ingredion earned $1.59 in the first quarter, compared to $1.54 in the year-ago quarter. The stock has a 52-week-high of $99.51 and a 52-week-low of $59.11. Ingredion's stock last closed at $84.52 per share.

* Berenberg initiated coverage on MGP Ingredients Inc (NASDAQ:MGPI) with a Buy rating. The price target for MGP Ingredients is set at $45.00. For the first quarter, MGP Ingredients had an EPS of $0.61, compared to year-ago quarter EPS of $0.57. The stock has a 52-week-high of $69.63 and a 52-week-low of $21.64. MGP Ingredients's stock last closed at $36.37 per share.

* Canaccord Genuity initiated coverage on Repro-Med Systems Inc (NASDAQ:KRMD) with a Buy rating. The price target for Repro-Med Systems is set at $13.00. In the first quarter, Repro-Med Systems earned $0.01. The stock has a 52-week-high of $12.84 and a 52-week-low of $3.64. Repro-Med Systems's stock last closed at $9.49 per share.

* Citigroup initiated coverage on Zendesk Inc (NYSE:ZEN) with a Neutral rating. The price target for Zendesk is set at $100.00. Zendesk earned $0.10 in the first quarter, compared to $0.04 in the year-ago quarter. The stock has a 52-week-high of $94.87 and a 52-week-low of $50.23. Zendesk's stock last closed at $88.41 per share.

* With a rating of Neutral, Citigroup initiated coverage on Shopify Inc (NYSE:SHOP). The price target is set at $998.00 for Shopify. In the first quarter, Shopify showed an EPS of $0.19, compared to $0.09 from the year-ago quarter. The stock has a 52-week-high of $1074.98 and a 52-week-low of $282.08. Shopify's stock last closed at $959.24 per share.

* Citigroup initiated coverage on HubSpot Inc (NYSE:HUBS) with a Buy rating. The price target for HubSpot is set at $286.00. For the first quarter, HubSpot had an EPS of $0.39, compared to year-ago quarter EPS of $0.36. The stock has a 52-week-high of $243.58 and a 52-week-low of $90.83. HubSpot's stock last closed at $216.34 per share.

* BMO Capital initiated coverage on Altra Industrial Motion Corp (NASDAQ:AIMC) with an Outperform rating. The price target for Altra Industrial Motion is set at $40.00. In the first quarter, Altra Industrial Motion showed an EPS of $0.65, compared to $0.80 from the year-ago quarter. The stock has a 52-week-high of $38.43 and a 52-week-low of $12.00. Altra Industrial Motion's stock last closed at $33.74 per share.

* With a rating of Outperform, Oppenheimer initiated coverage on InterDigital Inc (NASDAQ:IDCC). The price target is set at $90.00 for InterDigital. For the first quarter, InterDigital had an EPS of $0.00, compared to year-ago quarter EPS of ($0.09). The stock has a 52-week-high of $66.95 and a 52-week-low of $31.04. InterDigital's stock last closed at $56.08 per share.

* Jefferies initiated coverage on 2U Inc (NASDAQ:TWOU) with a Buy rating. The price target for 2U is set at $50.00. In the first quarter, 2U showed an EPS of ($0.33), compared to ($0.15) from the year-ago quarter. The stock has a 52-week-high of $43.00 and a 52-week-low of $11.37. 2U's stock last closed at $41.35 per share.